American Business Bank (OTCMKTS:AMBZ) Short Interest Down 74.7% in December

American Business Bank (OTCMKTS:AMBZ) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 479 shares, a drop of 74.7% from the December 15th total of 1,891 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 6,068 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 6,068 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

American Business Bank Trading Up 0.0%

Shares of OTCMKTS:AMBZ opened at $63.90 on Wednesday. American Business Bank has a 12 month low of $40.03 and a 12 month high of $64.90. The company has a market capitalization of $566.79 million, a price-to-earnings ratio of 11.45 and a beta of 0.31. The firm’s 50-day moving average is $61.79 and its 200 day moving average is $55.27.

American Business Bank (OTCMKTS:AMBZ) last announced its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter. The firm had revenue of $42.62 million during the quarter.

About American Business Bank

American Business Bank (OTCMKTS:AMBZ) is a Southern California–based commercial bank that provides a broad range of financial services to small and mid-sized businesses. Headquartered in Irvine, California, the bank focuses on building long-term relationships with clients in industries such as real estate development, professional services, healthcare, technology, and manufacturing. Its regional footprint includes full-service offices across Los Angeles, Orange County, the Inland Empire, North County San Diego, and the Coachella Valley.

The bank’s core offerings encompass commercial real estate financing, construction and land development loans, equipment and vehicle financing, and working capital lines of credit.